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| Formerly | Diversified Resources Berhad |
|---|---|
| Company type | Public |
| MYX:1619 | |
| ISIN | MYL1619OO005 |
| Industry | Conglomerate |
| Predecessor |
|
| Founded | 1996; 30 years ago (1996) |
| Founder | Yahaya Ahmad |
| Headquarters | Shah Alam, Selangor ,Malaysia |
Area served | Southeast Asia |
Key people |
|
| Revenue |  RM12.65 billion[1] (2021) |
| Total assets | RM41.68 billion (2019) |
Number of employees | Approx. 47,000 |
| Subsidiaries | |
| Website | www |
DRB-HICOM Berhad is a Malaysian automotive company, involved in the automotive manufacturing, assembly and distribution industry. DRB-HICOM is the majority shareholder of Malaysia's national car company,Proton, with China's Zhejiang Geely Holding Group the other shareholder since an equity sale in 2017.[2] The Group also owns national motorcycle companyModenas, with Japanese two-wheeler giant Kawasaki as its partner.[3] DRB-HICOM assembles cars in Malaysia forTata Motors,Honda,Isuzu,Mercedes-Benz andVolkswagen, with plans for expansion.[4][5][6][7] The Group also retails various brands such Audi (via Euromobil Sdn Bhd), Mitsubishi (via EON Auto Mart Sdn Bhd) and Volkswagen (via HICOM Auto Sdn Bhd).
Besides automotive concerns, DRB-HICOM's core business focuses are in the services (postal, banking, vehicle inspections) and property & infrastructure sectors. These are conducted via several companies such asPos Malaysia,Bank Muamalat, andPuspakom. It is also the owner of two education institutions, namelyDRB-HICOM University of Automotive Malaysia andAkademi Saga inPekan, Pahang. The latter is a vocational training centre that produces trained mechanics.
The Group also has a significant presence in the defence industry. ThroughDRB-HICOM Defence Technologies, it designs, develops, manufactures and supplies armoured and logistics vehicles for military and homeland security use. It supplies mainly to the Government of Malaysia.
HICOM was originally incorporated on 11 March 1910 under The Companies Enactment 1897 asThe New Serendah Rubber Company Limited. The name of the company was changed toThe New Serendah Rubber Company Berhad on 15 April 1966. Subsequently, on 16 December 1993, it changed its name toHICOM Holdings Berhad pursuant to a restructuring exercise. It was incorporated in 1980 as theHeavy Industries Corporation of Malaysia Berhad (HICOM).
Diversified Resources Berhad (DRB) was incorporated in 1990 as Peerless Assets Sdn Bhd. It was changed to DRB in September 1991, and listed itself on Malaysia's main bourse in September the following year.
In 1996, both companies merged to form the largest conglomerate in Malaysia.DRB-HICOM was listed on the Main Board of theKLSE on 4 September 1992 and assumed its present name on 11 May 2000.
Within the manufacturing capabilities of DRB-HICOM isCTRM, a specialist composites products manufacturer, and countsAirbus,Boeing andLearjet as their aviation customers. The plant inMelaka houses 12 autoclaves, the largest number of autoclaves in a facility inASEAN.
On 8 March 2018, the Group announced a major shift in the direction of their property sector. In a cash plus land swap deal with companies owned by their majority shareholder, DRB-HICOM announced the sale of several plots of land and all its hospitality assets.[8] This shift will see DRB-HICOM exiting the hospitality industry with the sale ofGlenmarie Golf & Country Club, Holiday Inn Glenmarie KL and Vivanta by Taj atRebak Island Marina. This transaction was completed on 31 December 2020.[9]
Five months later, on 1 August 2018, DRB-HICOM announced the sale of their waste management companyAlam Flora Sdn Bhd (AFSB) toMalakoff Corporation Berhad. Included in the deal valued at RM1.0b was DRB-HICOM Environmental Services Sdn Bhd (DHES), a unit of AFSB. After several extensions of time, the deal was finally completed on 5 December 2019.[10]
| Malaysian vehicle manufacturers |
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| Malaysian-foreign joint venture vehicle manufacturers and assemblers |
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| Malaysian coachbuilders |
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